??? Seems like a standard minimal fine many Series 3 brokers receive somewhere along their careers for doing some unethical things.
Lee bilked investors for millions and greatly enriched himself through complete fraud. Is he being personally sued in civil court? I am sure he has hidden a lot of assets overseas, but still I hope someone can get everything he owns in the US.
What capital structure? There is no business. It was all smoke and mirrors. There wasn't any debt because banks wouldn't lend to them. It was all financed by share sales/swaps.
All those "Congratulations on a great quarter" numb nut questions during the quarterly CC....what a large group of liars that took part in this scam...they all should be deported to a third world nation, like Syria.
Over in I-Hub they have good post regarding this trial. Funny whaytseems to be going on is nothing compared to the $Multi-Billion fraud many top US banks created and yet they get a fine and wrist slapping and their stock continues listing and trading on exchanges....